Industrial Properties in Paterson, New Jersey, offer a unique investment opportunity for those looking to capitalize on the city's rich history and strategic location. As the third-most-populous municipality in the state, Paterson has a diverse economy with a strong presence of industries such as textiles, firearms manufacturing, and brewing. Industrial Properties in Paterson can represent a range of investments, from warehouses and manufacturing facilities to distribution centers and logistics hubs. The city's infrastructure, including major highways like Interstate 80 and State Routes 4, 19, and 20, as well as NJ Transit commuter rail and bus services, makes it an attractive location for businesses that require easy access to surrounding counties and New York City. Additionally, Paterson is home to institutions like Passaic County Community College and St. Joseph's Regional Medical Center, which provide a skilled workforce and access to healthcare services. The city's geography, situated near the Passaic River, also offers a unique opportunity for businesses that require proximity to waterways.
With 14 Industrial Properties for sale in Paterson, investors have a range of options to choose from. The average price per square foot is $197 USD, and the average size is 33,099 square feet, with the largest property spanning 230,922 square feet. The average cap rate is 8.01%. In addition to Industrial Properties, Paterson also offers Warehouses, with their own unique characteristics and investment opportunities. Land is also available for development, providing a blank canvas for investors to build their own projects. Apartment Buildings and Commercial Real Estate round out the range of property types available in Paterson, each with its own advantages and disadvantages. Overall, Paterson's diverse economy, strategic location, and range of property types make it an attractive destination for investors looking to capitalize on the city's growth and development.
What is the average price per square foot for industrial properties in Paterson?
The average price per square foot for industrial properties in Paterson is $197 USD, with 14 available listings, offering a range of sizes from 33,099 square feet to 230,922 square feet, and an average cap rate of 8.01%.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Paterson, New Jersey, as they impact the ease of doing business, accessibility to markets, and operational efficiency.
- Proximity to major highways like Interstate 80, State Routes 4, 19, and 20, as well as the Garden State Parkway and U.S. Route 46, can increase industrial property values by providing easy access to regional markets and reducing transportation costs.
- The availability of public transportation services, including NJ Transit commuter rail and bus services, can also enhance industrial property values by facilitating the movement of goods and employees.
- In Paterson, where there are 14 industrial properties available, with an average price_PUSHDATA/sqft of $197 USD and an average size of 33,099 square feet, location and transportation access can be a key differentiator in terms of property value, with properties near major transportation hubs potentially commanding higher prices.
